The Business Benefit to Using Predictive and Scenario Analyses

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Organizations that aspire to grow by dominating competitors are at an advantage when they have superior financial planning and analysis (FP&A) resources and capabilities. Those organizations that use either scenario analysis or predictive analysis are better aligned with unfolding business strategy, are more effective at business analysis, derive greater value from their budgeting processes, and have more reliable forecasts than those who do not use them. This article explains recent survey results and gives insight into these advanced techniques.